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What steps do I need to take to ensure compliance with the Modernised API?

To ensure compliance with the Modernised API, participants must follow and complete these key steps:

  1. Complete all onboarding requirements as specified by PayNet.

  2. Conduct System Integration Testing (SIT) and User Acceptance Testing (UAT) using PayNet’s test simulator (DAVE) to ensure compatibility and smooth integration.

  3. Align with the DuitNow rollout by phases, where products and services will be introduced in stages, ensuring a structured and seamless transition.

Following these steps will help ensure a successful transition to the Modernised API while maintaining regulatory and operational compliance.